CAIE A-Level Economics A2 11.2.3 Revaluation Vs Devaluation Questions

Practise distinguishing revaluation and devaluation in fixed systems and predicting their immediate effects on prices, imports, exports and trade.

Exam points

Distinguish revaluation from devaluation in fixed exchange-rate systems and predict their immediate effects on prices and trade.

[Maximum number: 1]

A central bank officially lowers the price of its currency relative to an agreed rate in terms of other currencies.

What type of central bank policy is this?

appreciation

depreciation

devaluation

revaluation

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CAIE A-Level Economics A2 11.2.3 Revaluation Vs Devaluation Questions question 1